Compliance - FOFA: Practice Service Packages - Wealth Axis Service Packages

Compliance - FOFA: Practice Service Packages - Wealth Axis Service Packages

Wealth Axis Service Package Overview

Default service package descriptions for each Wealth Axis service package have been set up in XPLAN, view the Service Package Options here

Whilst the Wealth Axis Service Packages will suit a number of Practices or will be useful for some clients, you may need to update the wording of Wealth Axis’s Service
Package descriptions to more accurately reflect the services promised to your clients.
The default wording for each Wealth Axis Service Package is outlined below.

Service Package 1: Quarterly Review

Review Your Financial Plan

  1. I will review your plan, strategy, and investment portfolio on an annual basis. As part of this review I will re-access your personal circumstances, risk profile, needs and objectives
  2. If i recommend a significant change or there is a significant change to your personal circumstances, needs or objectives, I will provide you with a Statement of Advice explaining the changes and my recommendations

Regular Updates

  1. I'll send you regular communication with articles or financial markets, changing legislation and new investment strategies. This will include a market commentary that explains market expectations for the next period

Access

  1. You can contact me at any time if your circumstances have changed and you would like me to review these changes 
  2. Where you have queries or concerns please contact me via telephone during business hours or email me at any time 

Service Package 2: Half Yearly Review

Review Your Financial Plan

  1. I will review your plan, strategy and investment portfolio on a half yearly basis. As part of this review I will re-access your personal circumstances, risk profile, needs and objectives
  2. If i recommend a significant change or there is a significant change to your personal circumstances, needs or objectives, I will provide you with a Statement of Advice explaining the changes and my recommendations

Regular Updates

  1. I'll send you regular communication with articles or financial markets, changing legislation and new investment strategies. This will include a market commentary that explains market expectations for the next period

Access

  1. You can contact me at any time if your circumstances have changed and you would like me to review these changes
  2. Where you have queries or concerns please contact me via telephone during business hours or email me at any time 
 

Service Package 3: Annual Review

Review Your Financial Plan

  1. I will review your plan, strategy and investment portfolio on an annual basis. As part of this review I will re-assess your personal circumstances, risk profile, needs and objectives 
  2. If i recommend a significant change or there is a significant change to your personal circumstances, needs or objectives, I will provide you with a Statement of Advice explaining the changes and my recommendations

Regular Updates

  1. I'll send you regular communication with articles or financial markets, changing legislation and new investment strategies. This will include a market commentary that explains market expectations for the next period

Access

  1. You can contact me at any time if your circumstances have changed and you would like me to review these changes
  2. Where you have queries or concerns please contact me via telephone during business hours or email me at any time 

Service Package 4: Investment Strategy Review

Review Your Financial Plan

  1. I will review your strategy and investment portfolio on an annual basis. As part of this review I will re-access your personal circumstances, risk profile, needs and objectives.
  2. If I recommend a significant change or there is a significant change to your personal circumstances, needs or objectives, I will provide you with a Statement of Advice explaining the changes and my recommendations

Regular Updates

  1. I'll send you regular communication with articles or financial markets, changing legislation and new investment strategies. This will include a market commentary that explains market expectations for the next period

Access

  1. You can contact me at any time if your circumstances have changed and you would like me to review these changes
  2. Where you have queries or concerns please contact me via telephone during business hours or email me at any time 
 

Service Package 5: Ad-Hoc Review

Ongoing Advice Support

  1. You can contact me at any time if your circumstances have changed and you would like me to review these changes. The review will be changed at an additional feeWhere you have queries or concerns please contact me via telephone during business hours or email me at any time

Regular Updates

  1. I'll send you regular communication with articles on financial markets, changing legislation and new investment strategies. This will include a market commentary that explains market expectations for the next period

    • Popular Articles

    • Wealth Axis Files - Naming Convention

      File Format: Date, Client Name, File Name Date - yymmdd E.g: 12 Sept 2013 - 130912 E.g: Undated - 010101 Client Names One Client / Only primary client (John Smith) E.g: Smith, J Two Clients (Primary and Secondary Client/Client and Partner) - Married ...

    • Wealth Axis Wizards - Overview

      Overview  This article is designed to help you effectively use the Wealth Axis Wizards in XPLAN. The key features of the Wealth Axis Wizards are: Integration with key modules such as Client Focus, Portfolios (IPS), Risk Researcher, WealthSolver and ...

    • New User Manual - Admin

      XPLAN and the Advice Process Overview Many advisers use the Advice to Client process to manage the advice process in their business. To enable participants to be able to relate to the different modules in XPLAN, this course is structured along the ...

    • Administration - Email: Setting up the Outlook Plugin

      Outlook Plugin - Overview  Outlook Plugin is a function available with XPLAN that allows you to quickly and easily save and record email correspondence in the XPLAN document library as a Note that is linked to a client or user entity. This allows for ...

    • XPLAN Workshop - XPLAN Client Setup

      Introduction Overview     Each practice deals with leads, referrals and potential clients differently. However, most practices have a system regarding the way client information is recorded and relationships with clients are managed. In this section, ...

    • Recent Articles

    • XPLAN Legislative Rates June 2022

      XPLAN Legislative Rates - June 2022 Legislative rates have been updated to reflect: 1. Social Security rates effective July 2022 2. AFSA Retirement Standard Benchmarks for the March Quarter 2022.  Social Security Rate Changes - July 2022 The rate ...

    • XPLAN: Task Notifications - Redirecting

      XPLAN: Redirecting Task Notifications XPLAN task notifications can be sent to your Email Inbox (e.g. Outllok, Gmail) to notify you if a task has been created, unactioned, is overdue or complete. If the task notifications cannot be turned off, then ...

    • XPLAN Version Enhancements - 18 November 2021 (Version 21.11.195)

      XPLAN Version Enhancements - 18 November 2021 (Version 21.11.195) Client Focus Digital Signature Notification will Honour the "Override from Address" when sent by Super User The notify signatories template configured in system settings > client focus ...

    • XPLAN Version Enhancements - November 2021 (Version 21.11.194)

      XPLAN Version Enhancements - November 2021 (Version 21.11.194) Client Focus New Current Residential Address Field A new field, current residential address, has been added to record a client’s current address. When entering the first address for a ...

    • XPLAN Datafeeds: HUB24 Enhancements (v4.3) 29 October 2021

      HUB24 Enhancements: 29 October 2021 HUB24 have released enhancements to their  XPLAN EPI 4.3 datafeeds, to be effective 15 November 2021. Below is the information directly from HUB24 on the enhancements. The Individual Holding extract is where the ...